The Indian rupee is likely to weaken more on Wednesday after the dollar index rose to the highest in just under six months on weak risk and rising U.S. Treasury yields. Non-deliverable.
The Indian rupee, which has depreciated 1.1 per cent so far in August, is expected to decline further on the back of a strengthening US dollar and a weakening Chinese yuan, according to a Business Standard poll of analysts.
The Indian rupee hit an all-time low recently, closing at 83.15 per dollar.
Five of the 10 respondents said the Indian currency might touch 83.5 per dollar in August itself, while others said the worst could be over.
By Anjali Kumari The Indian rupee, which has depreciated 1.1 per cent so far in August, is expected to decline further on the back of a strengthening US
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